Beginner and intermediate investors will benefit most from buying BTC on eToro because the website and app interfaces are intuitive and easy to use. EToro charges a flat 1% fee for buying and selling BTC, but the other fees for the platform vary. Input the amount and then select whether you’d like to make a “market order” or a “limit order.” A market order is an order to buy bitcoin at the current market rate. A limit order is an order to buy bitcoin when its price hits a certain level. When and if bitcoin hits that level, eToro will automatically purchase the bitcoin for you.

By facilitating skill development and testing of strategy, the tools ensure you transit to live trading smoothly. To get verified for your account, you’ll need to meet certain eligibility requirements and share images of certain key documents, such as a passport or driver’s license. Your request will be executed as soon as possible, and the fiat money equivalent to your bitcoin value will be added to your eToro account. The platform is multi-regulated, that is, follows and adheres to regulations set by authorities like CySec (Cyprus), FinCen & FINRA (US), and FCA (UK). This enhances trust while offering a safe and transparent trading environment.

” has become inevitable to those interested in trading digital assets. Finder monitors and updates our site to ensure that what we’re sharing is clear, https://www.topbitcoinnews.org/ honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

Step 2: Fund the account

EToro’s demo account/virtual portfolio feature allows you to practice online trading without risking real cash. The feature is accessible to eToro account owners for free, and once you open it, you are awarded $100,000 of virtual money. This enables you to invest in multiple assets and test the effectiveness of various trading strategies. EToro makes it easy for traders to locate investors to copy through its intuitive user interface and innovative features like the Copy People Screen and Editor’s Choice Section. Bitcoin has become more popular among crypto traders and investors over the years. As more people try to understand the blockchain industry, the question “What is cryptocurrency?

Navigate to the deposit page, and select your preferred currency from the available options. EToro supports numerous payment options, including PayPal, credit/debit cards, Skrill, bank transfers, and more. Choose the suitable deposit method and follow the prompts to complete the transaction. Social feeds are a vital component of eToro’s social trading platform. These function like social media platforms and allow you to engage with other investors, share ideas, and discuss market trends. You can follow other traders, like or share comments, and post content.

Step 4: Decide how much bitcoin you want to buy

Yes, it’s a good idea to buy BTC on eToro, because the platform has a long track record of providing quality service to users. This can be attributed to the robust security features it applies, including two-factor authentication, cold storage, multi-signature facilities, and more. Moving the Bitcoin to the eToro crypto wallet will incur a transfer fee of 2% of the transaction size. If you fail to log into your account for an entire year, eToro will render your account inactive and charge you $10 monthly in inactivity fees. Similar to eToro in that you can purchase both traditional assets and crypto all in one place, Robinhood is another user-friendly platform to buy bitcoin. If eToro doesn’t seem like the right platform for you or if you’re a resident of a US state or territory that eToro doesn’t serve, don’t fret.

1. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
2. This enables you to invest in multiple assets and test the effectiveness of various trading strategies.
3. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
4. EToro charges a flat 1% fee for buying and selling BTC, but the other fees for the platform vary.

He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. It offers advanced trading features and market data that can help you better time when to buy and sell your BTC.

While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Yes, it is. eToro is a popular and intuitive platform that facilitates the buying and selling of numerous types of crypto assets. It also has various attractive features, including social trading, demo accounts, 24/7 trading, etc., that will make your investment worthwhile.

Step 5: Download the optional eToro Money crypto wallet

You can purchase a partial bitcoin instead of having to buy a full bitcoin. You could think of buying part of a bitcoin like buying a fractional share of a stock. The brokerage’s uncluttered and intuitive user interface helps you gain exposure to BTC in just a few clicks. Buying BTC can be an intimidating process on certain platforms, but eToro simplifies the experience for you. Charting and analysis tools are available to help you assess price movements, patterns, and market trends, which can empower you to improve your technical methods.

Compare more crypto trading platforms

The cryptocurrency exchange offers many features to accommodate both new and experienced traders looking to buy Bitcoin. Conducting Bitcoin-related transactions is easy, thanks to the platform’s intuitive interface. With multiple innovative social trading https://www.bitcoin-mining.biz/ features, you can follow and copy the strategies of successful traders to improve your gains. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.

Social or copy trading is one of eToro’s distinctive and most prominent features. It gives users, especially beginners, a chance to mirror the trades of more experienced traders. As such, the platform has developed several innovative solutions that facilitate social trading and enhance the user experience. Platforms like eToro have positioned themselves to https://www.crypto-trading.info/ provide much-needed Bitcoin-related transactions, giving users a gateway to join the crypto market. This article highlights how to buy Bitcoin on eToro and explores the trading platform’s unique features. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions.

With bitcoin (BTC) on its way to becoming a mainstream asset, you may have recently concluded that it’s time to add some to your portfolio. No, you cannot buy Bitcoin on eToro or use its features without confirming your identity. Verification is standard practice on reputable platforms like eToro that are committed to complying with the crypto industry’s regulatory requirements.

EToro will ask you for the dollar amount for your bitcoin purchase. Below, we highlight the top features that make eToro standout from its competitors. There are several perks you can enjoy when you use eToro to buy Bitcoin. EToro has a user-friendly interface, which any technology-savvy person can navigate hassle-free.